Ajustement et accumulation: la Turquie

Abstract

ABSTRACT Contrary to the predictions of structural adjustment policies, the opening up of Turkey to the external market has increased profits in the tradeable sector more rapidly than in the non-tradeable one. This article examines the various factors that affect the investments of private companies in the tradeable and non-tradeable sectors. The analysis of the relationship between the redistribution of incomes and investment decisions shows that a regressive redistribution did not affect the tradeable sector. The author suggests that a progressive redistribution could have a positive impact on the growth of investments in the non-tradeable sector.